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Carl's Jr. 2590 S East Ave 3,540 SF Retail Building Fresno, CA 93706 $2,900,000 ($819.21/SF) 5% Cap Rate
EXECUTIVE SUMMARY
2590 S East Ave is a single-tenant Carl’s Jr. fast-food property located at the northwest corner of Jensen Avenue and South East Avenue in Southeast Fresno, California. The freestanding building contains 3,540 SF on a 1.16-acre parcel and benefits from excellent visibility with frontage along both East and Jensen Avenues. The site is positioned near Highway 99, which carries over 120,000 vehicles per day, supporting strong drive-by exposure and consistent consumer traffic
The property is offered as a sale-leaseback with Carl’s Jr. on a 15-year NNN lease, generating $145,000 in annual NOI. Lease terms include 10% rent increases every five years and three (3) additional 5-year renewal options, providing long-term income stability and built-in rent growth. The lease commences at close of escrow, eliminating downtime and near-term leasing risk. The asset is priced at
$2,900,000, offering a passive investment with no landlord responsibilities.
The surrounding trade area is supported by solid demographic fundamentals, including approximately 93,305 residents and 25,355 households within a 3-mile radius, with continued population and household growth projected through 2029. The area also benefits from strong daytime employment exceeding 74,000 employees within three miles, reinforcing demand for quick-service dining.
With 0% vacancy at the subject property, the asset outperforms both the submarket and overall market averages, positioning this offering as a stable, long-term net-lease investment in the Fresno market
The property is offered as a sale-leaseback with Carl’s Jr. on a 15-year NNN lease, generating $145,000 in annual NOI. Lease terms include 10% rent increases every five years and three (3) additional 5-year renewal options, providing long-term income stability and built-in rent growth. The lease commences at close of escrow, eliminating downtime and near-term leasing risk. The asset is priced at
$2,900,000, offering a passive investment with no landlord responsibilities.
The surrounding trade area is supported by solid demographic fundamentals, including approximately 93,305 residents and 25,355 households within a 3-mile radius, with continued population and household growth projected through 2029. The area also benefits from strong daytime employment exceeding 74,000 employees within three miles, reinforcing demand for quick-service dining.
With 0% vacancy at the subject property, the asset outperforms both the submarket and overall market averages, positioning this offering as a stable, long-term net-lease investment in the Fresno market
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,540 SF
Building Class
C
Year Built
1995
Price
$2,900,000
Price Per SF
$819.21
Cap Rate
5%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.16 AC
Opportunity Zone
Yes
Parking
20 Spaces (5.65 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,052,936 | |
| Land Assessment | $780,934 | Total Assessment | $1,833,870 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$780,934
Improvements Assessment
$1,052,936
Total Assessment
$1,833,870
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Carl's Jr. | 2590 S East Ave
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